At a Glance
- Tasks: Underwrite new and renewal treaty business while collaborating with brokers and internal teams.
- Company: Leading marine reinsurance firm with a focus on innovation and growth.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional development.
- Other info: Fast-paced environment with excellent career advancement potential.
- Why this job: Join a dynamic team and make an impact in the marine reinsurance industry.
- Qualifications: 10+ years of reinsurance underwriting experience and strong communication skills.
The predicted salary is between 80000 - 100000 £ per year.
Description of the role:
This position will be responsible for underwriting profitable new and renewal treaty business. To support the account SVP in protecting the existing account and aiding with development of new opportunities in International and London Market business.
Duties and Responsibilities:
- Underwrite new and renewal treaty submissions in compliance with underwriting guidelines, systems and procedures
- Responsible for pricing and modeling accounts via in-house modeling tools
- Responsible for communicating pricing assumptions with internal actuaries during peer review process
- Meet with key brokers regularly to discuss production, service and other topics related to the department
- Liaise with the claims department on any specific claims activity
- Process contracts in TIRS (Reinsurance) system
- Input and manage all aspects of the portal and public folders, for the portfolio being worked on
- Establish and maintain files in accordance with procedure; and ensure all information is saved and named properly
- Stay current with respect to major industry trends, issues and development
- Other ad hoc duties as assigned
Person Specification:
- Minimum 10 years + of primary and/or treaty reinsurance underwriting experience
- Established expertise in the portfolio lines of business, broker contacts and ability to generate new relationships with brokers and cedants
- Contract wording and expertise and an understanding of actuarial pricing techniques are beneficial
- Proficient computer skills, especially in MS Excel, Word, Power Point (RMS & AIR experience a plus)
- Strong communication and writing skills
- Ability to multitask, work independently and problem solve
- Must be highly organized, accurate and detail oriented
Assistant Vice President - Marine Reinsurance in Slough employer: Allied World
As an Assistant Vice President in Marine Reinsurance, you will thrive in a dynamic and supportive work environment that values innovation and collaboration. Our company offers competitive benefits, a strong emphasis on professional development, and opportunities to engage with industry leaders in the vibrant London Market. Join us to be part of a forward-thinking team that prioritises employee growth and fosters a culture of excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Marine Reinsurance in Slough
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially brokers. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that Assistant Vice President role.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers or during interviews, highlight your 10+ years of experience in reinsurance underwriting. Share specific examples of how you've successfully underwritten treaty submissions and built relationships with brokers.
✨Tip Number 3
Prepare for those interviews! Research the company and its position in the marine reinsurance market. Be ready to discuss current industry trends and how your skills can help them stay ahead. We want to see that you’re not just a fit for the role, but also passionate about the industry.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team. Don’t forget to follow up after applying; a little persistence can go a long way!
We think you need these skills to ace Assistant Vice President - Marine Reinsurance in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President - Marine role. Highlight your underwriting experience and any relevant skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Share specific examples of your experience in marine reinsurance and how you can contribute to our team at StudySmarter.
Showcase Your Communication Skills:Since strong communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t forget to proofread for any typos or errors. We appreciate attention to detail!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Allied World
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially regarding treaty submissions. Be prepared to discuss your experience with pricing and modelling accounts, as well as how you've navigated compliance with underwriting guidelines in the past.
✨Showcase Your Broker Relationships
Since this role involves liaising with key brokers, come ready to talk about your existing relationships. Share specific examples of how you've developed these connections and how they’ve benefited your previous roles. This will demonstrate your ability to generate new opportunities.
✨Demonstrate Your Technical Skills
Familiarise yourself with the tools mentioned in the job description, like TIRS and any modelling software. If you have experience with RMS or AIR, be sure to highlight that. Showing that you're tech-savvy will give you an edge.
✨Stay Current with Industry Trends
Research recent developments in the marine reinsurance sector. Being able to discuss current trends and issues during your interview will show that you're proactive and genuinely interested in the field, which is crucial for this role.
